Buying or selling a home in Pinellas County? I can help.
Buying a home is stressful for most people, but with a bit of planning ahead of time, it isn't that complex. So you'll understand exactly what to expect, I like to provide my buyers with an outline of the whole deal. Below are my nine steps to purchasing a home.
Should you have any questions about this information or if you're prepared to get started, you can contact me here or send e-mail
Step 1 – Prepare to purchase
There are several things you need to do prior to beginning your home search. You'll probably want to form a checklist of features you want, get a plan of what school districts and neighborhoods you'd like to live in, and start working on your budget. A good guideline to go by is that your mortgage payment should be less than or close to a third of your monthly income.
Step 2 – Communicate with a real estate agent
This is where Park Property Group comes in. I'll book a time to get together so we can talk about your real estate needs and get an idea of your future plans. We'll talk about everything from neighborhoods, schools in the Clearwater area, the mortgage industry, to any other economic factors that could potentially affect your buying decision today or in the future.
I can also assist you in getting started on your loan. There are some excellent mortgage professionals in Clearwater, and I partner with a lot of them, so you'll be in great hands. They will help you figure out which type of loan is best for you, as well as help you get qualified.
Step 3 – Begin looking
Following our first meeting, I'll begin searching for available houses on the market that are a great fit for you. I'll get a sneak peek of many of the houses and throw out the duds, and then we'll book appointments to view the houses whenever it's convenient for you.
As we view the houses, I'll point out good features, as well as bad ones. I'll even ask you what things you like and don't like. It's pretty common for buyers to update their wish list as we tour homes and some things become more necessary than others. If such is the case, I'll look through all the listings once again and trim it down to the home you've been dreaming about.
Step 4 – Know the housing market
Your agent's awareness of the Clearwater home market is a necessary component in your house search. And I can assure you I'm familiar with all the school districts and neighborhoods, and I will let you know what districts are "hot" and require immediate action and the others that are "cold" and allow for thoughtful examination.
As we view homes, I'll be sure to tell you if the seller's asking price has room for negotiation or if I believe the home is "priced to sell." When working with an agent, be careful and be sure to ask lots of questions. Every real estate agent in Clearwater will convince you they understand the home market. If it appears they don't know everything, contact me at 727-463-4603 or e-mail me at Nathan@ParkPropertyGroup.com, and I'd be glad to answer any questions you have. My understanding of the market will help you stay a step above the rest throughout the entire process.
Step 5 – Find the home you've been waiting for
I'm confident we'll find your dream house in the Clearwater area. When we do, I'll meticulously develop your purchase offer. The offer will be tailored to suit your needs, including several contingencies, such as acquiring financing, carrying out the home inspection, and a clean title.
Upon submitting your offer, you'll likely need to present "earnest money." This is a cash deposit submitted to the seller to secure an offer to purchase the property, and it's most often put towards the closing costs. If the offer is accepted by the seller, we should close on the property within 30 to 60 days afterward. This allows ample time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals aren't closed on the initial offer. It's extremely common to receive a counter offer. Don't let it discourage you. We'll consider whether or not to take the counter offer, submit our own counter offer, or refuse the seller's offer and move on.
How aggressively we negotiate the contract depends on market conditions. In addition, we'll work within your financing budget. And at the end of the day, we'll formulate a contract that is best for you.
Step 7 – Get your loan
After the deal is finalized, you'll begin working with your mortgage lender to close the loan. This shouldn't take much time at all if you're pre-approved, but you need to stay in close contact with your lender. And I'll deal with all the property information your mortgage lender will need to close the loan.>
Step 8 – Close the deal
You'll get a Loan Estimate (LE) of closing costs from your mortgage lender within three days of taking your loan application. The estimate is based on the loan amount. RESPA requirements order that it has to include all closing costs and fall within a close range of accuracy, and I'll review the estimate and let you know if everything looks adequate.
Then it's time to close on your house. This will probably occur at a title company or escrow office and should be a smooth and peaceful occurrence.
Step 9 – Move in
You made it! Now you can move into your new house. Enjoy it. And if you need anything or have any questions, just call me at 727-463-4603 or send me an e-mail.